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tv   Real Money With Ali Velshi  Al Jazeera  January 17, 2015 2:00am-3:01am EST

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he was free to have all that experience. isn't that ironic - "he was free"... i said "he was 'free' to have all that experience". my father liked it. . >> high anglety over plow inflation. hue it could be a monkey wrench in the federal reserves plan. plunging prices have put thousands of jobs in jeopardity. and the new rules that could effect us. >> i'm ali velshi, and this is "real money."
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making sense of the global economy and the financial market these days make those who have hair pull it out. the rest of us scratch our heads. we'll talk with the smartest economic analyst on the planet about the outlook of america and the forces here and abroad that may threaten your prosperity. but first i want to explain some of what we learned today. inflation in the united states fell .4 of 1% compared to november. that's the biggest decline in six years, and i probably don't have to tell you why, but i will. falling oil and gas prices. for the full year the consumer price index--that's how we measure inflation--rose a paltry .8%. at a may mean that the fed won't raise interest rates as soon as some people expect. sure low rates make home and
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card affordable, but we need to see wage inflation at least if we want more americans to enjoy this economic recovery. now, an improving job market and those low gasoline prices have consumers feeling pretty good. that's the message we got today in a consumer confidence that rose to a 11-year high in january. earlier this week we learned that retail sales fell in december compared to the month before. another sign that weak wage growth appears to be holding consumers back. finally, there is europe and whether it's economic woes will hurt the united states. the swiss frank went soaring against the euro, another sign of europe's weakness.
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unless you are you spend your days trading or you're an expert, why should you care. the decision by saudi arabia can lead to layoffs at production oil companies. in other words, we're all in this together. the chair of the global development council. he joins me from california. you heard me the state of the world and u.s. economy. tell me where you think i can do better in giving our viewers a sense of where things stand? >> the only thing i would add is the bottom line. ali, to everything you said, and everything you said is absolutely correct. the bottom line is on a stand-alone basis the u.s. will continue to recover .
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we will continue to see higher growth and inclusive growth and wages will respond. if we were to look just at the u.s. on a stand alone basis we would be confident. the issue is, and you said it, the rest of the world is struggling. and the question for us is can the rest of the world pull us down? that's going to be the major issue to monitor this year. >> talk to me, you said that wages will respond. now, i'm not trained in economics as you are, but i thought as labor supply diminishes wages do go up. do we have so much extra labor supply in america that we have seen all of this job creation almost--all these jobs we created in the last year such a strong year for job creation yet we're not seeing wages pick up. why is that? >> first, it's a matter of time. we've seen 11 straight months of 200 plus job additions.
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we've created 3 millions jobs, it is just a matter of time. wages will sequentially respond. it's not going to be like the good ol' days because of fundamental structural changes but we'll see 2% plus increase in wages, that is going to be a good thing in this economy. in addition, as you said, the oil price declined is a massive tax cut for americans, american consumers. >> let's talk about these inflations nor the for the rest of the world. what's bad about it? the good part is when people spend less there is a tax cut. the danger is if you have some sense of ongoing falling prices you put off purchases, and that puts off expansion. >> yes, that speaks to the big divergence.
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that's the theme for the global economy. for the u.s. prices going up less rapidly is a good thing . it comes from something that puts money in our pockets, lower gas prices. in europe and japan, it shows that there is negative inflation year an year. in that world you worry that one more addition to lower prices discourages people from spending. why should i buy today when i could buy cheaper tomorrow. if that happens then you undermine growth. that's not a big issue for us, but it is a big issue for europe. >> we've seen as this relates to regular people we don't want to confuse what the fed does with how mortgage rates interest rates were set. we're back down to some of the lowest levels we've seen in a long time.
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how will the fed affecting inflation affect americans. >> we back down for two reasons. one, inflation is coming down. when inflation comes down normally interest rates come down. second, we're pulled down by what is happening in europe. in germany where the economy has slowed down significantly, and people are anticipating a major stimulus, the german weight is pulling us down further than where we would be otherwise. now, that's great if you have a mortgage. that's a good thing. it's less good if you can hardly earn anything on a fixed income. >> is there anything from a policy perspective, obviously as we move into a week where congress has started, and we'll have the state of the union, is there something that we should be doing to deal with this around the world?
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>> oh, yes, there is a whole list. the irony is that the economy is doing better not because of congress, but despite congress. we haven't had any active legislation out of capitol hill for a number of years. thank god we have not had a government shut down or debt ceiling we debacle or default. it's a good thing they didn't do what they did in 2012 and 2013 but we have had enabling environment from congress. >> hold that thought. we'll take a quick break, and after the break we'll ask what concerns us most outside of the united states, and we'll look at what we can be doing positively to help the situation here. you're watching real money. tell me what is on your mind at ali velshi give me your thoughts and what you think i should ask mohammed.
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chief economic adviser for financial advisers firm . we left off with your idea of what we can do. as congress goes back, you know, some cases they're worried about foreign policies, particularly in the middle east. but fundamentally there are domestic concerns. we live in a word where we may have to take protective actions. hat are your preparations prescriptions. >> we need to increase our resilience and growth engines. first, step up infrastructure investment at a time when interest rates are very low where there is a lot of private-public partnerships. second, look at investment. thirdly, move forward with trade agreements and with immigration reform.
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and finally do something about the mishmash about the will to spend and the wallet to spend. you can do that by acting on the minimum wage. i think if congress were to deliver on these things, then you would enter into a higher growth paradigm and it would be sustainable growth. >> you just mentioned image wage. this is going to come up in the president's speech in the state of the union. this is a tough one. the president wants minimum wage to be risen to $10.10. and congress is saying that they're making policy that then individual businesses have to live up to. you're spending other people's money, that's the rebuttal we'll hear about the minimum wage. >> i don't understand that rebuttal because we spend other people's money all the time
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that's taxation. government is correcting failures. in this case you have something that is both economically needed and socially needed. so for me it's really hard to understand that counter. >> then we look at infrastructure, and we'll lack at it even more in the show. the irony is we've had cheaper money than anyone can remember. this would have been a good time to take all of our crumbling infrastructure, choose anything you want, transport infrastructure or broadband or water, it's all in need of repair, to make us competitive with countries so that people will open businesses here, they'll move their businesses here, immigrate to the united states, and employ people. >> if not now when?
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borrowing costs are very low. we can borrow below 1.8%. we can borrow 30-year money below 2.5% and the return on these investments is far in excess of that for the nation and individual businesses. it's an economic thing. this is not an engineering issue. this is a political issue. >> then you brought up the one thing--a lot of things you're talking about is pie in the sky. it makes sense to investors, but it does not make sense to washington. your sense of the chance of this happening and why? >> so the chance of it happening is low, and the reason is because we are not doing things that make sense. right now we're in a gridlock
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where neither side wants to be scene cooperating with each other. i mean, it's a ridiculous situation. even though both sides agree it is in the good interest of the country, right, neither side wants to be seen cooperating with the other side. i'm afraid we won't get much done and we'll have to wait for 2016. meanwhile, we will remain vulnerable to what is happening to the rest of the world. we'll continue to heal, but as you said earlier we're not an economic and financial island. we live in an inter connected world. >> we can fix what we can fix, but we need to move afford. mohamed, thank you. chief economic adviser. as we talked about, fixing america's infrastructure has long been neglected, and president obama wants to change that, he's proposing a way for private investment to come to the can rescue.
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we'll talk more about that when you come back. you're watching "real money." >> call amy smith at work >> when we're behind the wheel >> basically we just don't multi-task as well as we think... >> are we focused on what's ahead? >> what could those misses mean? >> distracted driving... the new road hazard >> i'm driving like a maniac >> you're distracted... >> techknow's team of experts show you how the miracles of science... >> this is my selfie... what can you tell me about my future? >> can effect and surprise us... >> don't try this at home >> techknow... where technology meets humanity... only on al jazeera america
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>> start with one issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> president obama announced a plan to to attract private investment to fix roads, bridges, water systems and broadband and networks. the president would like to gear
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projects to the big fix. the nation's infrastructure earned a near failing grade of d-plus from the american society of civil engineers. since then not much has improved. of course, all this costs money. that's where qualified infrastructure bonds come in to play. he says that the president's action is terrific, but the heavy lifting needs to be done by congress. you should tell america. i always talk about the rating on america's infrastructure. it's a rating done by you guys and i always wonder if there is a dog in the hunt because you're engineers, but you say america's infrastructure is in desperate need of repair. >> it certainly is, ali, and at the same time the u.s. can make progress towards fixing its infrastructure.
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we looked a 16 categories, bridges, roads, airports, water systems, dams, and other systems systems, and the u.s.' consider economic risks. just in the transportation sector, congress is facing a critical may 31st deadline to deal with the surface transportation programs. the u.s. is putting at risk by the year twenty20 1 trillion-dollar and 900,000 jobs in the u.s. economy by not making modest increases in some of these investments needed. the u.s. is also at risk of being less competitive with other nations if it does not address this issue. as i hear continued discussions about income equality and the types of jobs we have in this country, i think an infrastructure investment program will not being
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a silver bullet-- >> well, we have to stop acting like it's a silver bullet. it's a complicated economy, and there is no silver bullet, but as engineers, to hear irresponsible government spending you see this entirely differently. >> some of the greatest things the u.s. has done, if you look at the highway system a and the good that it has done economically and socially, for the government to want to end the federal transportation program flies in the face of reality. you take the national highway system, the interstate and other key highways. that's 4% of the roadways in
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this country yet carries 40% of the traffic, and 60% of the truck traffic. >> you rated 16 different categories. what do you see we're doing better. >> the areas where the country is facing serious grades, water, waste water, levy systems, roadways, and a number of categories. the average grade was a d-plus for the nation. we have a long way to go. the president's proposal today is a step in the right direction, but the heavy lifting will occur later this year with the transportation bill. and after that assuming that congress can get moving on that,
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aviation is another major infrastructure sector, which face as deadline later this year. >> part of the problem is that these things don't always sound sexy to people. i don't want my tax dollars to go to that. it seems to work. that's why it doesn't get public attention. >> i think if public--if the public realizes how long we've been under investing, and how our investment infrastructure stands up against other nations. western europe invests twice what the u.s. is investing. china, four times what the u.s. invests, and they're investing in modern systems. we have a lot of aging systems that are at the end of their design lives. bridges, roads, water systems in this country. we have a watermain break every two minutes in the united states. >> wow, i see them on tv and i wonder what is going on. great to talk to you again. thank you for being with us. senior managing director of the american society of civil
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engineers. before we pile on d.c. and local governments, let's remember that executing infrastructure plan is easier said than done regardless of where you are in the world. take a case of the rails finally being laid on a new metro line running under the city of amsterdam. this project is years behind schedule and massively overbudget because of technical challenges of tunneling in wet sand soil. we have our report from underneath amsterdam. >> it's one of europe's historic trains stations and the busiest in the netherlands at and extraordinary construction project has been going on beneath it. tracks are now being laid six years behind schedule, and the finishing work on the station is well under way. building and under ground rare wayrailway line has not been easy. >> we had to excavate a canal under the station.
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we had to take over the foundation of the station, which is also built on wooden piles, and 3,000 wooden piles had to come down. after the canal was built we float it in, hang it up, and then immerse it to this depth. so this was really extreme engineer ing. >> work was suspended midway when shops and homes above sank. it eventually resumed but the cost has ballooned billions of dollars. throughout the project engineers have had to come up with new and innovative techniques to bore seal and finish those tunnels. it unearthed 700,000 art facts
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from the city's past allowing allow archeologists to rewrite their history. >> we have a completely new entry on the official history, and the objects they're connected with daily life. >> there are plans to put some of the actors found on display in the stations. for now the focus is on the finishing work on this long awaited, costly line due to run the year after next. al jazeera, on the north south line under amsterdam. >> up next congress wants to impose more sanctions on iran. but the president says hold your fire. why? that's where it gets interesting. answers in just two minutes.
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real reporting that brings you
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the world. giving you a real global perspective like no other can. real reporting from around the world. this is what we do. al jazeera america. >> terrorism topped the agenda the meeting between president obama and british prime minister david cameron talked isil but they urged congress to pull back imposing new sanctions on iran. let'slet's go to mike viqueira. what's going on, mike. >> they security was deployed at synagogues trying to protect in the aftermath of violence we've seen in france and belgium. british prime minister david
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cameron met with president obama. they were in lock step at the white house. agreeing on the means to battle what they called extremism in the attacks that parks sparks worldwide. >> in this poison news death cult of a narrative of islam. >> looking at a way around encryption technology now built in many signs. if they refuse certain sites may be banned in the u.k. >> we're not asking for back doors. we believe in clear front doors through local processes that should help keep our country safe. >> that stance has sparked controversy, but president obama agreed worried that law enforcement may be hampered without access. >> despite knowing that information, despite having a
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phone number or despite a social media address or e-mail address that we we can't penetrate that. that's a problem. >> but mr. obama said that the tension gripping europe is not a big of an issue in the united states. an idea that he describes as a history of a melting pot. >> our biggest advantage is that our muslim populations, they feel themselves to be americans. there is this incredible process of assimilation that is part of our tradition. >> since arriving in washington cameron has been calling u.s. senators lobbying against u.s. sanction sanctions against iran. on friday both leaders warned any move by congress could
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scuttle a deal and lead to a military confrontation. >> congress should be aware if this diplomatic solution should fail, then the risks and likelihood that this ends up being a military confrontation is heightened, and congress will have to own that as well. >> ali, president obama's problem on those sanctions including democrats in the senate are on board getting tougher on iran. the problem now is if he has to veto, and he did promise a veto if congress passed more sanctions, would he have the necessary votes to avert and override the veto. >> mike, does part of the problem that the president has not displayed a plan that seems to be working to the satisfaction of those who want more sanctions on iran, but he does not want to set a timetable. i think this president has burned himself by clawing so-called red lines. >> that's absolutely right.
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it all bleeds over and the fact that they have extended the deadline with the talks in iran not once but twice has raised the level of skepticism, no doubt about it. part of the president's problems is that staunch supporters of israel within the u.s. congress, many of them are democrats, and many of them do not trust iran to follow up on any deal that will be made. it is key to get benjamin netanyahu if not to endorse the idea of talks and heading off sanctions, to at least stay silent during this process. that, of course, is a big question mark. >> no kidding. with respect to not putting pressure on iran in this way and hoping that iran is a steps up and becomes a more important region at player in the other problems going on in the united states, how much of that
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calculous goes against what is happening at the white house. >> president obama said that the likelihood of a deal with iran is 50/50, but president obama one of the cards he's playing here is he says look, if it doesn't work out. if we don't have a deal, believe me, i do have in my back pocket more economic sanctions against iran. obviously he would have no difficulty passing to congress. he hopes to play a good cop--bad cop to some extent here for those who would like to push sanctions to an earlier date. >> how much has the president in the last portion of his mandate look to do something historic, holding off congress in the hopes of maybe getting this done? >> you know, a lot of that is speculative, but i think there is no question that that is on the mind of the white house and on the mind of the president. a deal with iran to take that off the table would certainly be
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historic by any measure. we've seen the president take some bold steps over the course of last several months including the cuban normalization, ali, and i think it's part and parcel of the white house heading into what the president has termed the fourth quarter. >> no kidding, mike, good to see you as always. mike viqueira for the white house for us. the possible investigation into israel during the war against gaza. james bays has the story from the united nations. >> over 2,000 dead. almost 500 of them children. making this year the deadliest war since 1967. when the palestinian president mahmood abbas signed the statute the treaty that governs the international criminal court on
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the last day of last year, he also signed a declaration giving the court jurisdiction from the 13th of june 2014. the chief prosecutor of the court has launched examination into that date and an affect to see if she should establish a former investigation. >> from jerusalem the reaction was swift and angry. prime minister benjamin netanyahu said:
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>> experts say that the move is not politically motivated. >> i think that the israeli authorities should understand that this is a judicial process, and inherent in that is impartiality and application of the facts. they need to also understand that the prosecutor will be looking at serious crimes committed by israelis as well as serious crimes committed by palestinians. >> it's almost three weeks since the palestinians signed up to the statute. their aim threaten was partly legal but partly political. they now that it would be drawn out.
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but politically, though, in this israeli political campaign they're already making waves. james bays of the united nations. >> closing higher for the first time than eight weeks. $48.69 a barrel in trading up $0.33 oil markets rallied after reporting slowing production in the united states and elsewhere in response to falling prices. as we've been telling you, oil prices have fallen more than 30%. it's been great for americans filling up at the pump. gas prices are down $.45, and the cash in american's pockets has boosted consumerism to the highest level in a decade. not every is happy. cheap oil is lead to go job losses in the oil industry, and
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that's making workers feel very insecure. >> reporter: deer park bills itself as the birthplace of texas, a fitting description of a city in a state that built its fortune on oil. this is the quintessential oil community. if enemy don't work directly for the oil company itself they're connected to it in so many ways. an entire community depends on the employment of oil prices and the drop in the price of a barrel of oil has many concerned. >> this is where many pick up short-term contracts, but things are changing. for the first time since many can remember workers are being turned away. one man told us that they call this area the crying hole. >> all the people live off the refinery. it's starting to make an impact
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on a lot of people that i know. >> i have to support my family. >> from mechanic george, he remembers the oil shortage of the 80s, he's concerned about his long-term prospects. >> i'm at retirement age right now. i can't just walk away. i got to stay here even at that rate it's going to be hard to do. >> economists say that the economy here is still growing. he predicts job losses of 20,000 and say people will need to move to find work. >> we've been through it twice and it's rough. even if it's just ends up being that you have to switch to a different part of town. it's still hard. but there are still plenty of opportunity here in houston. >> around a quarter of this state's wealth is made from oil.
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a figure much higher in places like deer park, and now many here are at the mercy of a market that they can't control. deer park, texas. >> cheap holy is also a worry overseas. bp has announced that it's cutting 300 jobs in the north sea. that follows similar announcements by shell last year. >> reporter: a sign of how the low oil prices are hitting confidence in the industry. bp , while the numbers represent a small fraction of the workforce, they are significant because they could herald more declines. now at bp those effect ready mainly onshore workers.
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but this means that it's a worrying time for many in the industry here. the oil industry is crucial to the economy of scotland, and many aberdeen residents say that they're worried about the future. >> scotland's first finishster is minister is under pressure to creating jobs. >> i started a jobs task force to work towards maintaining employment levels in the north sea, and get practical assessment for those who are faced with this, and give a guarantee to every apprentice of continuing employment and training. >> but the unions in scotland say that much more need to be done. the oil industry here may never recover. >> it's just the evidence of what it needed. of the need of westminster to
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wake up and call for intervention, to try if not stem the flow here, terminate it completely. because we're heading for a serious, serious down turn that will have serious impact on the economy if it's not managed properly. >> for now the politicians are promising not to allow the oil industry to decline, but if oil prices stay so low for much longer that may be inevitable. >> al jazeera, aberdeen. >> coming up on real money investors are pumping tens of millions of dollars into tech start ups. that's the most since 2001. but this time it's different. i'll tell you why in two minutes. >> tuesday. from race relations to foreign policies, terrorism and the economy. >> if this congress wants to help, work with me. >> ali velshi kicks off our special state of the union coverage at 7:00.
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>> we'll take an in-depth look at our nation's financial future. >> then john seigenthaler breaks down the issues. >> we need to know what's going on in our backyard. >> plus, objective analysis and live reports from across the nation and reaction from around the world. the state of the union address. special coverage begins tuesday, 7:00 eastern. right here on al jazeera america.
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>> in 2014 start up funding hit the highest level since 2001. we're talking about a 62% increase over 2013. with all that money floating around, talk turns to whether we're seeing another tech bubble. we saw the last one in the.com era of the late '90s. but the companies attracting funding are far better bets than
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the busts from 15 years ago. thank you. good to see. >> you thank you, glad to be here. >> when you see some of the valuations that come from companies buying these apps, it doesn't make sense to most people. people think oh, my god people are going nuts about the techs again. why are the start ups today better than the start ups of the tech bubble? >> this was a break out year. hedge funds, mutual funds, investors, one reason why those companies today are better suited is because you see real revenue when back in the.com
quote
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days it was flash in the pan of cops being built. yes, you hear about companies that don't have real revenues in place, but the majority of them do and they're generating-- >> are the investors smarter? back in the text bubble it was everybody and their your honor buying stocks. we were financing the building of this thing. are the venture capitalists who invest in these companies more sophisticated then they were past then? >> well, a lot who are investing back then were there in the dot-com days as well. they also invested in web band you know, the same investors. >> you know, these companies sort of look at venture capital capitalizes, private equity firms, they have a failure rate, and they've been fairly steady
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with their failure rate. >> yes, that's correct. you place your bets, some will be home runs, some won't. >> you mentioned web van, web van didn't work. instand united cart is one of these companies getting to what seems to be the crowded space. the hot new thing is i'm going to deliver your stuff for you. do you see areas of consolidation. not all of these places can be that successful because i don't need that much stuff delivered. >> that's the growth that we tracked of global funding. a lot of them were the models instand united cart. not just grocery, but shipping and seeing the funding growth, i don't think it's going to stop heading into 2015. it's interesting, i don't
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personally use a lot of those apps. a lot a lot of people do. but this mobile growth is a big part of it, and everybody having the app in their phone. >> my kids in their basement not doing much in their life, is there a way to be taking advantage of this? should the kid go on to be a coder? >> i don't know. you don't hear about the failures. those go quietly. you hear about the successes and big valleycations in the news. i'm not sure about that. >> matthew, good to talk to you. >> thank you for having me. >> matthew wong tracks how these start ups are doing. all right, investing in start ups is not just for deep pockets institutions any more. crowd sourcing once used to raise funds for gadgets to films now allow small-town investors to invest in companies. these new investors looking for a quick score could end up losing their shirts. we have reports on the debate
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and one of the fastest grounding crowd funding industries is taking up a lot of real estate. >> you look at these office buildings. the average american cannot go out and buy one of these things to add to their port foal woe. >> manhattan has historically been out much reach for average americans. these holding are controlled mostly by wealthy individuals or private equity firms and banks but new real estate crowd funding start ups promises a radical shift. >> it could be a real potential game changer, let the average person own real estate for the first time. >> over 25 crowd funding website bring winning sourcing to everything, and crowd funded $8 million for 250 condo development in lower manhattan. >> the investment market on a global basis is
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$310 million. they will not take anybody's money for anything less than $500,000 to $1 million. >> a couple of caveats to keep in mind. investings on a first come first tesh basis until the funding target is reached. and depending on the project your money will be tied up for six months to a decade. >> my big question was what happens when i send the money in? will i ever see it back? >> new yorker marco waney was nervous when he invested in this retail center in california, but said he's already seen income generated by rent payments he decided to invest in a second project in san antonio. >> you don't need to be a billionaire to do what i can do today. >> but real state investor leonard baron wards that these
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crowd funding sites are a risky bet in an already treacherous industry. >> every time you write a check on a real estate deal you got to realize you may never see a dime of your money again. >> crowd funding sites could offer more . ultimately, estherbrook said it's too early to tell how crowd funding will fare in the long run but thinks the potential is there to change the way you see the world around you. >> as more properties are crowd funded you could have a slice that have empty lot that will be a tower some day. >> real estate crowd funding sites have raked in 10s of millions of funding and traditional firms are looking to buy in as well.
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but for those looking for a less risky way of investing in real estate, rates are companies that own a diversified basket of properties and they trade on the market. british probe that went a awol is found. >> sunday night. >> 140 world leaders will take the podium. >> get the full story. >> there is real disunity in the security council. >> about issues that impact your world. >> infectious diseases are a major threat to health. >> "the week ahead". sunday 8:30 eastern. only on al jazeera america. >> start with one issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story
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ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> it's a chilling and draconian sentence... it simply cannot stand. >> its disgraceful... the only crime they really committed is journalism... >> they are truth seekers... >> all they really wanna do is find out what's happening, so they can tell people... >> governments around the world all united to condemn this... >> as you can see, it's still a very much volatile situation... >> the government is prepared to carry out mass array... >> if you want free press in the new democracy let the journalists live. [music]
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>> well, a 12-year space mystery has been solved. spacecraft beagle 2 went awol when it was supposed to land on mars. it turns out beagle landed. andrew potter reports. >> it was a groundbreaking mission. sending a spacecraft to land on mars, and at $75 million at a fraction of the cost of most space exploration. but after beagle 2 harass 2 was released on christmas day in 2003 it was not seen or heard from again--until now. >> what we can say with confidence is that beagle 2 is no longer lost. >> it had been feared that beagle 2 had crashed into the
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surface of mars or bounced off it's atmosphere into space. this is where they found beagle 2, sitting nery it's intended landing spot. >> beagle 2 did not fully deploy. it had four solo panels, each of which needed to deploy to transmit data back to the earth, and we needed that to command beagle two. it's extremely frustrated is that we got so close. >> this is britain's first intent. rather than being seen as a failure, scientists hope that the legacy of beagle will be to unlock the secrets of mars. >> beagle 2 collected scientific data. it may still be on beagle two and we can never get to it. >> the enthusiastic face of the mission. >> we're not far from that away from it. >> he died last year, but his daughter was there to hear the news that his father's life work was not lost in
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space. >> he would be saying, when are we going again? when is the next mission? how are we going to do things differently? >> the scientists think that there is every chance that beagle 2 could still work if only there was a way to open it's solar panels. they plan to land a probe on mars next year taking in the lessons of what was once called a heroic failure. >> well, that's our show for today. i'm ali velshi. join me on tuesday night. i'll be kicking off president obama's state of the union address with an in-depth look at the state of america's economy. thank you for stay with us. [music]
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early in choir is in to possible war crimes. the i.c.c. investigates actions within the palestinian territories. ♪ ♪ old hell owe from doha, this the is world news from al jazerra. protests in australia. hunger strikes and self harming are taking place at a hold fag silt in pa new guinea. the syrian
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